Transcontinental cuts its plastic use

Article Excerpt

TRANSCONTINENTAL INC. $19 is still a buy for aggressive investors. Canada’s leading commercial printer (Toronto symbol TCL.A; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 87.0 million; Market cap: $1.7 billion; Price-to-sales ratio: 0.6; Dividend yield: 4.7%; TSINetwork Rating: Average; www.tctranscontinental.com) has sold most of its newspapers and other media operations in the past few years. It has also expanded into plastic packaging for consumer and industrial products. In collaboration with the Coca-Cola Co., Transcontinental has developed a new form of plastic packaging film made with 30% recycled material. Called Integritite TM, Coca-Cola will use this material for its AHA sparking water products. The new film is also recyclable. Innovations like this will help Transcontinental comply with new Canadian government regulations that aim to reduce plastic waste. Transcontinental is a buy. buy. …